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to be confronted in the next weeks and months as you and the chairman pointed out is the debt ceiling. i hope we have all learned from our experience in the summer of 2011 that it is irresponsible and reckless for the united states to suggest that it will not meet its financial obligations. the there's bondholders, social security recipients, due to other people have contracted with the united states government. in the house in the next couple weeks, we are expected to take up a bill that says, you know what, we can prioritize their deaths. based on that book take on first, but other debts and obligations including this congress have taken on, they don't have as high a priority. could you, mr. secretary, secretary of the treasury comment on what impact it would have on our economy and the signal is sent to the international communist united states were to default on any of its obligations? >> congressman, that notion you prayer a case which is the obligation congress authors should be paid is one that just doesn't work. hhs would obligation your defaulted non. we have never in the history defaul
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